The typical owner-occupied home in Ivy is worth about $645,600, 68% above the Virginia median of $383,700 and 94% above the national median of $332,700. Owners pay a median $6,094 a year in property taxes, about 0.94% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $189,072 a year, so the median home costs 3.4 times the median income (4.1 times for Virginia). 100% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Ivy at a glance
| Ivy | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $645,600 | $383,700 | $332,700 |
| Median property tax paid per year | $6,094 | $2,790 | $3,119 |
| Property tax as a share of value | 0.94% | 0.73% | 0.94% |
| Median household income | $189,072 | $93,170 | $80,734 |
| Homes lived in by their owners | 100% | 67% | 65% |
| Owner homes with a mortgage | 78% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,112 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 20.1% | 21.0% |
| Median rent | – | $1,579 | $1,413 |
| Median year homes were built | 2000 | 1984 | 1980 |
| Vacant homes | 0.0% | 8.7% | 10.1% |
| Population | 794 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Ivy
At this week's average 30-year rate of 7.11%, buying the median Ivy home of $645,600 with 20% down costs about $4,249 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,325, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $182,105 for the 20%-down payment. That payment is 27% of the median Ivy household income of $189,072; at that income and 20% down, the 28% guideline points to a home of about $670,000.
| Down payment | $129,120 |
|---|---|
| Loan amount | $516,480 |
| Principal and interest | $3,474 |
| Property taxes (0.94% a year) | $506 |
| Homeowners insurance (our estimate, 0.5% a year) | $269 |
| PMI | $0 |
| Total per month | $4,249 |
Change the numbers in the calculator
| Down payment | $22,596 |
|---|---|
| Loan amount | $633,907 |
| Principal and interest | $4,264 |
| Property taxes (0.94% a year) | $506 |
| Homeowners insurance (our estimate, 0.5% a year) | $269 |
| FHA mortgage insurance | $286 |
| Total per month | $5,325 |
Change the numbers in the calculator
Questions about home buying in Ivy
What is the median home value in Ivy?
About $645,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ivy?
Homeowners pay a median $6,094 a year, which is about 0.94% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ivy?
For the median home with 20% down at 7.11%, the payment is about $4,249 a month. Keeping that under 28% of gross income takes about $182,105 a year.
More about Ivy
- Mortgage Refinance in Ivy
- Debt Relief in Ivy
- Home Equity Loans in Ivy
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data